Cerberus completes take-private buyout of Sparton

Cerberus has closed its previously announced take-private acquisition of Schaumburg, Illinois-based Sparton, a provider of electromechanical devices, for $18.50 per share. As a result of the deal, Sparton will be stop trading on the New York Stock Exchange prior to the opening of the trading session on March 5, 2019.

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